Capital City Relocated, Office Rental Business in Jakarta Could Decline

PROPERTY MARKET - JAKARTA. JAKARTA.  The proposed relocation of Indonesia's capital from Jakarta to North Penajam Paser, East Kalimantan, is expected to impact the office rental business in Jakarta.

Emil Elestianto Dardak, President of the Eastern Regional Organization for Planning and Human Settlements International (Earoph), stated that the office rental business in Jakarta would likely decline as the capital moves to East Kalimantan.